Deduction price for simple moving average

• 04/22/2021 at 12:06 PM #167780
  CHEN CHEN

  Hi:

  please see attached, I wonder if anyone can help me to create the tool could be use from tool bar. the principle is to find the deduction price date of the 20, 60, 120 day simple moving average.

  I used the Fibonacci time zone tool to create the one I could use, but once I change the instruments I have to reset it. ideally if can create one tool and add in the tool bar, each time to use it just put it on the chart.

  it is very simple idea, four vertical lines, from first to second 20 days distance, from second to third 40 days distance, and from third to fourth 60 days distance.

  ideally if can create a tool not a indicator, as a tool I could move it to different start date with same period on the chart to help me to predict how the simple moving average to go in the certain time period.

  but if the platform not allow to add tools in the tool bar, then a indicator can do the same job is ok too.

  I hope I have explained clear, hopefully someone can help to create the tool or indicator for me, really appreciate it

  Thanks

  Andy

  

  CHEN CHEN

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  04/22/2021 at 12:12 PM #167782
  robertogozzi

  Tools cannot be created by users.

   

  

  robertogozzi

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  04/23/2021 at 7:55 PM #167918
  CHEN CHEN

  Thanks Robertogozzi, what about indicator? I believe that can be done, as I use the indicator in different platform.

  Please see the code I use in different platform attached, but I don’t know how to  translate it in pro-realtime

   

   

  

  CHEN CHEN

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  04/23/2021 at 10:08 PM #167929
  robertogozzi

  Sorry, I don’t know that language.

  I can see it’s about a group om MA’s, but nothing else.

   

   

  

  robertogozzi

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  04/24/2021 at 4:05 PM #167960
  Nicolas

  Do you have pictures of what is doing this indicator visually please?

  

  Nicolas

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  04/26/2021 at 10:15 AM #168040
  CHEN CHEN

  Please see the attachment, pink line is 20 ma, blue line is 60 ma, green line is 120 ma, and red is 200 ma.

  the numbers 20, 60, 120, 200 in the red circle means those days before today’s date.

  it can help me to predict how the MA moving average is going to do in following days, for example 60 ma 60days ago price is above current price in next 25+ days,

  if current price stay same level, the 60 ma should trend down in next 25-30 days, it will put pressure on the current price

  not sure my explanation is clear enough ? let me know

  Thanks

  Andy

  

  CHEN CHEN

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  04/26/2021 at 10:50 AM #168046
  Nicolas

  So that code should do what you require:

  defparam drawonlastbaronly=true drawtext("20",barindex-20,low[20]-averagetruerange[14][20],dialog,bold,20) drawtext("60",barindex-60,low[60]-averagetruerange[14][60],dialog,bold,20) drawtext("120",barindex-120,low[120]-averagetruerange[14][120],dialog,bold,20) drawtext("200",barindex-200,low[200]-averagetruerange[14][200],dialog,bold,20) return

  1 2 3 4 5 6 7

  defparam drawonlastbaronly=true   drawtext("20",barindex-20,low[20]-averagetruerange[14][20],dialog,bold,20) drawtext("60",barindex-60,low[60]-averagetruerange[14][60],dialog,bold,20) drawtext("120",barindex-120,low[120]-averagetruerange[14][120],dialog,bold,20) drawtext("200",barindex-200,low[200]-averagetruerange[14][200],dialog,bold,20) return

   

  

  Nicolas

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  04/26/2021 at 11:53 AM #168052
  CHEN CHEN

  Hi Nicolas:

  That is perfect, really appreciate it

  Best Regards

  Andy

  

  CHEN CHEN

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